Which method is NOT typically used in property evaluation?

The method that is not typically used in property evaluation is market speculation. In property evaluation, professionals rely on systematic and recognized methods to assess the value of real estate, ensuring that the evaluations are grounded in facts and reliable data.

Comparable sales analysis involves comparing similar properties that have recently sold to determine a fair market value for a property. This method is widely used due to its factual basis and relevance to current market conditions.

Income analysis looks at the revenue a property can generate over time, particularly for investment properties. Here, evaluators consider factors such as rental income, expenses, and potential return on investment, making it a vital method for determining property value in rental markets.

Cost approach methods focus on estimating the cost required to replace or reproduce a property minus any depreciation. This approach is particularly useful for new constructions and specialized properties.

In contrast, market speculation lacks the empirical foundation and rigorous analysis of the aforementioned methods. It often relies on gut feelings or unproven predictions about future market trends, making it less reliable for property evaluations. Therefore, utilizing sound and established methods is essential for accurate property assessments.